The wave frame remains bearish | 16 أغسطس 2016
16 أغسطس 2016, GBP/USD
The price has approached the Low, we can expect a rebound from these levels. But meanwhile the wave picture is bearish and it is clearly not finished, so in the near future we still expect a drop within the wave [c] of an assumed zigzag. However, opening positions at the moment is not necessary, it is better to see how the price reacts to level.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
